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By Andy Home
LONDON, Aug 3 (Reuters) - Rio Tinto is finding out just how hard it is to produce low-carbon aluminium.
The company booked a $1.175 billion impairment charge against its two Australian alumina refineries in its second-quarter results.
This is in part down to what Rio Tinto called "challenging market conditions" for alumina, which is refined from bauxite and then fed into a smelter for conversion into metal.
But it is also down to the cost of decarbonising two of the company's bi...
>>> Read more: COLUMN-Rio Tinto counts the cost of producing green aluminium: Andy Home
LONDON, Aug 3 (Reuters) - Rio Tinto is finding out just how hard it is to produce low-carbon aluminium.
The company booked a $1.175 billion impairment charge against its two Australian alumina refineries in its second-quarter results.
This is in part down to what Rio Tinto called "challenging market conditions" for alumina, which is refined from bauxite and then fed into a smelter for conversion into metal.
But it is also down to the cost of decarbonising two of the company's bi...
>>> Read more: COLUMN-Rio Tinto counts the cost of producing green aluminium: Andy Home
